Sharper & Granite LLC Acquires 2,050 Shares of SPDR ICE Preferred Securities ETF $PSK

Sharper & Granite LLC boosted its stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 12.8% during the second quarter, HoldingsChannel reports. The firm owned 18,075 shares of the company’s stock after buying an additional 2,050 shares during the period. Sharper & Granite LLC’s holdings in SPDR ICE Preferred Securities ETF were worth $579,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of PSK. Wealthcare Advisory Partners LLC grew its stake in SPDR ICE Preferred Securities ETF by 1.2% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 38,194 shares of the company’s stock worth $1,213,000 after buying an additional 448 shares in the last quarter. Comerica Bank lifted its holdings in shares of SPDR ICE Preferred Securities ETF by 4.9% during the 1st quarter. Comerica Bank now owns 9,966 shares of the company’s stock worth $323,000 after acquiring an additional 465 shares during the last quarter. Synovus Financial Corp grew its position in SPDR ICE Preferred Securities ETF by 2.9% in the first quarter. Synovus Financial Corp now owns 21,223 shares of the company’s stock worth $687,000 after acquiring an additional 601 shares in the last quarter. Sowell Financial Services LLC increased its stake in SPDR ICE Preferred Securities ETF by 4.3% in the second quarter. Sowell Financial Services LLC now owns 16,010 shares of the company’s stock valued at $508,000 after acquiring an additional 656 shares during the last quarter. Finally, Townsquare Capital LLC increased its stake in SPDR ICE Preferred Securities ETF by 10.8% in the first quarter. Townsquare Capital LLC now owns 9,761 shares of the company’s stock valued at $316,000 after acquiring an additional 954 shares during the last quarter.

SPDR ICE Preferred Securities ETF Price Performance

Shares of PSK stock opened at $32.93 on Friday. The business has a 50-day moving average price of $33.01 and a two-hundred day moving average price of $32.20. SPDR ICE Preferred Securities ETF has a 12-month low of $30.85 and a 12-month high of $35.39.

SPDR ICE Preferred Securities ETF Profile

SPDR Wells Fargo Preferred Stock ETF (the Fund) seeks to replicate the total return of the Wells Fargo Hybrid and Preferred Securities Aggregate Index (the Index). The Index is a modified market capitalization weighted index designed to measure the performance of non-convertible preferred stock and securities that are functionally equivalent to preferred stock, including, but not limited to, depositary preferred securities, perpetual subordinated debt and certain securities issued by banks and other financial institutions that are eligible for capital treatment with respect to such instruments akin to that received for issuance of straight preferred stock.